Here are some fast stats about Millennial homebuyers that show that they are not only buying homes, but also what trends they're following as they do. And, yes, they still need real estate agents to help them out.
Real estate service provider Green River Capital released a new tool to allow people who are investing in the single-family rental bond market to better track their collateralized properties and the people who touch them.
Emojis originally started as a simple way to express whether you are happy or sad but have evolved into a way to communicate your every single thought, desire and craving. But will they work for mortgage lending? Here's a sample of a letter to a potential borrower. Can you translate it?
[Subscribers only] Multigenerational living, where two or more adult generations live under the same roof, is becoming a growing trend in the U.S. Currently about 19% of Americans now live in a multigenerational household, the highest level since 1950. That amounts to about 60.6 million adults in 2014, up from 57 million adults in 2012. And homebuilders have taken notice, designing houses specifically catered to this segment.
Would-be homeowners are inundated with picture-perfect examples of new and remodeled homes brimming with upgrades. But in the real world, homebuilders and investors must calculate the rate of return on these sometimes fleeting trends, weighing what buyers want with what they can actually afford. This feature looks at which features buyers of different age demographics consider the most important, and what that means for sellers.
We’ve found that the handling and posting of payments during bankruptcy has been a widespread issue in our testing environment. Specifically, there is increased risk exposure in pre-and post-petition payment application and treatment, both inside and outside of the bankruptcy plan. Servicers and sub-servicers have created manual workflow workarounds to address the issue, however, it does open the servicer up to more exposure to calculation errors.